IShares Select Correlations

DVY Etf

USD 134.94 0.31 0.23%

The current 90-days correlation between iShares Select Dividend and iShares Preferred and is 0.47 (i.e., Very weak diversification). The correlation of IShares Select is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Select Correlation With Market

Very weak diversification

The correlation between iShares Select Dividend and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Select Dividend and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in iShares Select Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with IShares Etf

0.92	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.78	VYM	Vanguard High Dividend Sell-off Trend	Pair Corr
0.93	IWD	iShares Russell 1000 Sell-off Trend	Pair Corr
0.91	DGRO	iShares Core Dividend	Pair Corr
0.98	IVE	iShares SP 500	Pair Corr
0.98	SPYV	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.96	FVD	First Trust Value	Pair Corr
0.98	IUSV	iShares Core SP Sell-off Trend	Pair Corr
0.94	NOBL	ProShares SP 500	Pair Corr
0.69	OIH	VanEck Oil Services	Pair Corr
0.9	EWC	iShares MSCI Canada	Pair Corr
0.67	HUM	Humana Inc	Pair Corr
0.83	IRET	iREIT MarketVector	Pair Corr
0.73	PG	Procter Gamble Sell-off Trend	Pair Corr
0.77	CVX	Chevron Corp	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.67	INTC	Intel	Pair Corr
0.75	XOM	Exxon Mobil Corp	Pair Corr
0.85	VZ	Verizon Communications Aggressive Push	Pair Corr
0.76	DD	Dupont De Nemours	Pair Corr

Moving against IShares Etf

0.61

Boeing

Pair Corr

Related Correlations Analysis

	SDY	VIG	HDV	PFF	IDV
SDY		0.58	0.95	0.85	0.52	SDY
VIG	0.58		0.61	0.5	0.57	VIG
HDV	0.95	0.61		0.84	0.62	HDV
PFF	0.85	0.5	0.84		0.66	PFF
IDV	0.52	0.57	0.62	0.66		IDV
	SDY	VIG	HDV	PFF	IDV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

IShares Select Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Select ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares Select's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SDY	0.56	(0.08)	0.00	(0.12)	0.00	0.00	1.08	(1.16)	3.75
VIG	0.52	0.03	(0.02)	0.17	0.57	(0.60)	1.02	(0.76)	5.04
HDV	0.56	(0.06)	0.00	(0.07)	0.00	0.00	1.12	(1.10)	3.27
PFF	0.49	(0.06)	0.00	(0.09)	0.00	0.00	0.91	(0.98)	2.75
IDV	0.65	(0.01)	(0.06)	0.07	0.94	(0.61)	1.24	(1.61)	3.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC